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Founded in 1989, Chesapeake’s operations are focused on discovering and developing onshore, unconventional oil and natural gas fields in the U.S. We currently hold leading positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara unconventional liquids plays and the Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale plays. The company also owns substantial marketing and oilfield services businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and Chesapeake Oilfield Services, L.L.C. As one of the first to recognize the vast potential of shale resources unlocked by advances in horizontal drilling techniques, Chesapeake has grown to become the second-largest producer of natural gas, 11th largest producer of oil and natural gas liquids, and the most active driller of onshore wells in the country. The enthusiasm and commitment of our employees is visible in everything we do. Fueled by our strong foundation and balanced business strategy focused on financial discipline and profitable and efficient growth from captured resources, we remain committed to generating industry-leading shareholder returns as we responsibly develop the country’s oil and natural gas assets.
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Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation`s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $41 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York.